Harkin Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.Data for the upcoming year appear below:
$$\begin{array} { | l | r | l | }
\hline \text { Estimated machine-hours } & 73,000 & \
\hline \text { Estimated variable } & \$ 3.49 & \begin{array} { l }
\text { per machine- } \
\text { hour }
\end{array} \
\hline \begin{array} { l }
\text { manufacturing overhead } \
\text { manufacturing overhead }
\end{array} & \$ 838,770 & \
\hline
\end{array}$$
Required:
Compute the company's predetermined overhead rate.

Question

Harkin Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.Data for the upcoming year appear below:
$$\begin{array} { | l | r | l | } 
\hline \text { Estimated machine-hours } & 73,000 & \
\hline \text { Estimated variable } & \$ 3.49 & \begin{array} { l } 
\text { per machine- } \
\text { hour }
\end{array} \
\hline \begin{array} { l } 
\text { manufacturing overhead } \
\text { manufacturing overhead }
\end{array} & \$ 838,770 & \
\hline
\end{array}$$
Required:
Compute the company's predetermined overhead rate.

Quizplus · Accepted Answer

The Answer of Harkin Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.Data for the upcoming year appear below:
$$\begin{array} { | l | r | l | } 
\hline \text { Estimated machine-hours } & 73,000 & \
\hline \text { Estimated variable } & \$ 3.49 & \begin{array} { l } 
\text { per machine- } \
\text { hour }
\end{array} \
\hline \begin{array} { l } 
\text { manufacturing overhead } \
\text { manufacturing overhead }
\end{array} & \$ 838,770 & \
\hline
\end{array}$$
Required:
Compute the company's predetermined overhead rate.

Harkin Corporation Bases Its Predetermined Overhead Rate on the Estimated